This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Stocks That Fidelity Funds Are Buying

BOSTON ( TheStreet) -- The managers of Fidelity's biggest mutual funds have been cautious this year, judging from portfolio changes in the past few months. They mostly nibbled at stocks that the Boston-based fund firm already owns.

Fidelity's fund managers are known for sharing their best investment ideas with one another so it's not unusual for new buys, or sells, to ripple through portfolios company-wide, which can affect the markets. But, this year, it looks like most of the big guys are standing pat.

Fidelity manages 323 equity mutual funds with $635 billion in assets, making it one of the country's largest money managers.

To get an idea of its girth and potential market impact, Fidelity is the biggest shareholder of iPhone and iPad maker Apple (AAPL), with 49 million shares at the end of 2011, or 5.3% of Apple's outstanding shares. That's about 1 percentage point more than the stake of the next-largest shareholder, Vanguard Group.

So a sampling of Fidelity's biggest funds' recent behavior can give a taste of what its market-moving funds are up to. In this exercise, I reviewed the top 100 stock holdings of five of the biggest, actively managed funds, four with quarterly changes through the end of February and the other, the Fidelity Low-Priced Stock Fund (FLPSX), as of the end of January.

The Fidelity fund managers' largest purchases were additions to existing positions in software and services giant Microsoft (MSFT - Get Report) (the company now owns just over 1% of its shares), wireless chipmaker Qualcomm (QCOM - Get Report) (it's the second-largest shareholder, with 3.8% of its shares), and cable-TV operator and entertainment conglomerate Comcast (CMCSA) (1.6% of its shares).

The $61 billion large-cap Fidelity Contrafund (FCNTX ), up 14.4% this year, initiated two new positions: credit-card processor American Express (AXP - Get Report) and (new to this fund) Comcast, but those companies have been held by other funds within the Fidelity family off and on for some time.

The biggest additions in the top 25 holdings of the 414-stock portfolio were of banker Wells Fargo (WFC - Get Report), at 3.5 million shares, which makes it the seventh-biggest holding at 2% of the portfolio, and Qualcomm, with a purchase of 1.8 million shares. Qualcomm is now its 15th-largest holding at just over 15 million shares.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AXP $65.43 0.00%
MSFT $49.87 0.00%
QCOM $50.52 0.00%
USB $42.69 0.00%
WFC $49.98 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs